Other Real Estate and Covered Other Real Estate (Tables)

3 Months Ended

Mar. 31, 2012

For the periods presented, changes and gains (losses), net on noncovered other real estate were as follows ($ in thousands):

	Three Months Ended March 31,
	2012			2011
Balance at beginning of period	$	79,053		$	86,704
Additions		8,864			19,552
Disposals		(9,767	)		(15,055	)
Writedowns		(2,408	)		(2,003	)
Balance at end of period	$	75,742		$	89,198

(Loss) gain, net on the sale of noncovered other real estate included in ORE/Foreclosure expenses	$	(416	)	$	344

Other real estate, excluding covered other real estate, by type of property consisted of the following for the periods presented ($ in thousands):

	March 31,		December 31,
	2012		2011
Construction, land development and other land properties	$	48,083	$	53,834
1-4 family residential properties		10,715		10,557
Nonfarm, nonresidential properties		16,463		13,883
Other real estate properties		481		779
Total other real estate, excluding covered other real estate	$	75,742	$	79,053

Other real estate, excluding covered other real estate by geographic location consisted of the following for the periods presented ($ in thousands):

	March 31,		December 31,
	2012		2011
Florida	$	26,226	$	29,963
Mississippi (1)		19,240		19,483
Tennessee (2)		17,665		16,879
Texas		12,611		12,728
Total other real estate, excluding covered other real estate	$	75,742	$	79,053

(1)	- Mississippi includes Central and Southern Mississippi Regions

(2)	- Tennessee includes Memphis, Tennessee and Northern Mississippi Regions

For the three months ended March 31, 2012, changes and gains, net on covered other real estate were as follows ($ in thousands):

Balance at January 1, 2012	$	6,331
Transfers from covered loans		144
FASB ASC 310-30 adjustment for the residual recorded investment		(10	)
Net transfers from covered loans		134
Disposals		(518	)
Writedowns		(123	)
Balance at March 31, 2012	$	5,824

Gain, net on the sale of covered other real estate included in ORE/Foreclosure expenses	$	158

Covered other real estate by type of property consisted of the following for the periods presented ($ in thousands):

	March 31,		December 31,
	2012		2011
Construction, land development and other land properties	$	1,423	$	1,304
1-4 family residential properties		574		889
Nonfarm, nonresidential properties		3,711		4,022
Other real estate properties		116		116
Total covered other real estate	$	5,824	$	6,331